Equity Profile

AMAT

Applied Materials, Inc.

Information TechnologySemiconductor Materials & Equipment$360.5B

May14Thu

Post-Earnings Recap

ReportedQ2-2026After Close4:01 PM EDT

Applied Materials Beats on EPS, Stock Up 0.9%

Metric	Actual	Expected	Surprise
EPS	$2.86	$2.67	+6.56%
Revenue	—	$7.7B	—

management commentary, guidance changes, and full analysis available with Pro.

Applied Materials Beats on EPS, Stock Up 0.9%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$2.86	$2.67	+6.56%
Revenue	—	$7.7B	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Applied Materials reported better-than-expected earnings per share, which contributed to a positive stock reaction, with shares rising by 0.9%. However, revenue figures were not disclosed, leaving some uncertainty about overall performance. Investors may view the EPS beat as a sign of operational strength, but the lack of revenue data could lead to cautious sentiment.

Company Snapshot

Applied Materials, Inc. (AMAT) is a leading provider of equipment and services used in the manufacturing of semiconductors....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a critical measure of profitability, and investors will be keen to see if AMAT can meet or exceed the consensus estimate.

$2.67

Revenue

Total revenue gives insight into the company's overall performance and demand for its products, which is especially important in the current semiconductor market.

$7.7B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Applied Materials, Inc. (AMAT) is a leading provider of equipment and services used in the manufacturing of semiconductors. As a key player in the Information Technology sector, the company is crucial for enabling advancements in technology, including AI and cloud computing, by supplying the tools needed to produce chips.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+5.52%

Avg Stock Reaction

+0.30%

Last Quarter Recap

In Q1-2026, Applied Materials reported an EPS of $2.38, beating estimates by 8.53%. However, the stock fell 3.38% the following day, indicating mixed investor sentiment despite the positive earnings surprise.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Applied Materials to report strong earnings, with a consensus EPS of $2.67. However, the stock's recent performance suggests that even a beat may not guarantee positive market reaction.

Bull Case

If AMAT exceeds EPS and revenue estimates, it could signal strong demand in the semiconductor industry, driving the stock higher.

Bear Case

If the company fails to meet expectations or provides weak guidance, it could lead to a significant drop in stock price, especially given the high implied volatility.

Key Metrics to Watch

EPS

$2.67

Earnings per share (EPS) is a critical measure of profitability, and investors will be keen to see if AMAT can meet or exceed the consensus estimate.

Revenue

$7.7B

Total revenue gives insight into the company's overall performance and demand for its products, which is especially important in the current semiconductor market.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will AMAT's EPS exceed the consensus estimate of $2.67?

A beat on EPS could reinforce confidence in the company's growth prospects, while a miss could raise concerns about demand.

What guidance will management provide for future revenue?

Forward-looking guidance will be crucial for understanding the company's outlook in a fluctuating semiconductor market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent technological advancements in semiconductor manufacturing, which could lead to stronger demand than anticipated.

Supporting Evidence

AMAT has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing a significant move, suggesting traders expect volatility that could reflect underlying strength.

Recent trends in semiconductor demand suggest a recovery that may not be fully reflected in current estimates.

Key Risk

If AMAT's revenue growth exceeds expectations, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results will be pivotal in determining whether AMAT can maintain its growth trajectory amid market volatility.

Bull Confirmed If

An EPS of $2.70 or higher with revenue exceeding $7.8B would confirm the bull case.

Bear Confirmed If

An EPS below $2.63 or revenue below $7.6B would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±7.82%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a larger-than-average move, suggesting that traders expect significant volatility around the earnings announcement.

Options are pricing ±7.6% while AMAT has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.8%

30d HV

5.8%

Calls (2.7M)P/C Ratio: 0.52Puts (2.0M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Semiconductors

n=30

Fade rate: X of Y (Z%)

This setup has occurred 30 times across Information Technology in the last 2 years. The average absolute 1-day move is 5.6%, with a raw directional average of +1.6% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AMAT beats expectations and raises guidance, history suggests a potential average one-day move of +1.56%, confirming a bullish outlook.

In-Line / Cautious

If results are in line with expectations, management's commentary could drive a muted response, reflecting cautious sentiment.

Miss

A miss on earnings or revenue could lead to a significant decline, with historical patterns suggesting an average one-day move of -0.02%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·1 sell

Members

Senate only

Est. Notional

$16,002.00–$65,000.00

disclosed dollar ranges

Most Active Members

R-ARJohn BoozmanSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or technological advancements in semiconductor manufacturing.
2Details on customer demand trends and order backlog.
3Management's outlook on the semiconductor market for the remainder of 2026.
4Insights into cost management and margin expectations.
5Any commentary on geopolitical factors affecting supply chains.

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Company Snapshot

Applied Materials, Inc. (AMAT) is a leading provider of equipment and services used in the manufacturing of semiconductors....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a critical measure of profitability, and investors will be keen to see if AMAT can meet or exceed the consensus estimate.

$2.67

Revenue

Total revenue gives insight into the company's overall performance and demand for its products, which is especially important in the current semiconductor market.

$7.7B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+5.52%

Avg Stock Reaction

+0.30%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If AMAT exceeds EPS and revenue estimates, it could signal strong demand in the semiconductor industry, driving the stock higher.

Bear Case

If the company fails to meet expectations or provides weak guidance, it could lead to a significant drop in stock price, especially given the high implied volatility.

Key Metrics to Watch

EPS

$2.67

Earnings per share (EPS) is a critical measure of profitability, and investors will be keen to see if AMAT can meet or exceed the consensus estimate.

Revenue

$7.7B

Total revenue gives insight into the company's overall performance and demand for its products, which is especially important in the current semiconductor market.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will AMAT's EPS exceed the consensus estimate of $2.67?

A beat on EPS could reinforce confidence in the company's growth prospects, while a miss could raise concerns about demand.

What guidance will management provide for future revenue?

Forward-looking guidance will be crucial for understanding the company's outlook in a fluctuating semiconductor market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent technological advancements in semiconductor manufacturing, which could lead to stronger demand than anticipated.

Supporting Evidence

AMAT has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing a significant move, suggesting traders expect volatility that could reflect underlying strength.

Recent trends in semiconductor demand suggest a recovery that may not be fully reflected in current estimates.

Key Risk

If AMAT's revenue growth exceeds expectations, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's results will be pivotal in determining whether AMAT can maintain its growth trajectory amid market volatility.

Bull Confirmed If

An EPS of $2.70 or higher with revenue exceeding $7.8B would confirm the bull case.

Bear Confirmed If

An EPS below $2.63 or revenue below $7.6B would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±7.82%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a larger-than-average move, suggesting that traders expect significant volatility around the earnings announcement.

Options are pricing ±7.6% while AMAT has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.8%

30d HV

5.8%

Calls (2.7M)P/C Ratio: 0.52Puts (2.0M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Semiconductors

n=30

Fade rate: X of Y (Z%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AMAT beats expectations and raises guidance, history suggests a potential average one-day move of +1.56%, confirming a bullish outlook.

In-Line / Cautious

If results are in line with expectations, management's commentary could drive a muted response, reflecting cautious sentiment.

Miss

A miss on earnings or revenue could lead to a significant decline, with historical patterns suggesting an average one-day move of -0.02%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·1 sell

Members

Senate only

Est. Notional

$16,002.00–$65,000.00

disclosed dollar ranges

Most Active Members

R-ARJohn BoozmanSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or technological advancements in semiconductor manufacturing.
2Details on customer demand trends and order backlog.
3Management's outlook on the semiconductor market for the remainder of 2026.
4Insights into cost management and margin expectations.
5Any commentary on geopolitical factors affecting supply chains.